Acushnet Holdings Corp. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 06, 2020 at 06:25 am EST
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Acushnet Holdings Corp. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 482.932 million compared to USD 417.166 million a year ago. Operating income was USD 85.204 million compared to USD 43.726 million a year ago. Net income was USD 63.216 million compared to USD 29.797 million a year ago. Basic earnings per share from continuing operations was USD 0.85 compared to USD 0.4 a year ago. Diluted earnings per share from continuing operations was USD 0.84 compared to USD 0.39 a year ago. For the nine months, sales was USD 1,191.675 million compared to USD 1,313.086 million a year ago. Operating income was USD 118.363 million compared to USD 157.088 million a year ago. Net income was USD 74.406 million compared to USD 103.211 million a year ago. Basic earnings per share from continuing operations was USD 1 compared to USD 1.37 a year ago. Diluted earnings per share from continuing operations was USD 0.99 compared to USD 1.36 a year ago.
Acushnet Holdings Corp. is engaged in the design, development, manufacture, and distribution of golf products. The Companyâs segments include Titleist golf balls, Titleist golf clubs, Titleist golf gear, and FootJoy golf wear. The Titleist golf balls segment is engaged in the design and manufacturing of a golf balls. The Titleist golf clubs segment designs, assembles, and sells golf clubs (drivers, fairways, hybrids, and irons) under the Titleist brand, wedges under the Vokey Design brand and putters under the Scotty Cameron brand. The Titleist golf gear segment includes golf bags, headwear, golf gloves, travel products, headcovers, and other golf accessories. The FootJoy golf wear segment includes golf shoes, gloves, and apparel. The Companyâs products include golf balls, golf clubs, wedges and putters, golf shoes, golf gloves, golf gear, and golf and ski outerwear and apparel. It designs, manufactures, and markets a range of products under the Titleist, FootJoy and KJUS brands.
ACUSHNET HOLDINGS CORP. 
